CareCloud, Inc. reported the quarter ended March 31, 2026 results: revenue $31.3 million, net income $922,000, EPS ($0.01). Guidance reaffirmed.
“CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-powered healthcare technology and revenue cycle management solutions for medical practices and health systems nationwide, today announced financial results for the quarter ended March 31, 2026. The Company reaffirmed its previously issued financial guidance following the successful closing of a $50 million credit facility, the announced redemption of 100% of its Series B Preferred Stock, and AI product launches. Together, these milestones mark a pivotal step in CareCloud’s ongoing growth trajectory—positioning the Company to scale its AI-driven revenue and expand margins, reporting its eighth consecutive quarter of positive GAAP net income with a meaningfully simpler capital structure for the future. First Quarter 2026 Financial Highlights: ● Revenue of $31.3 million, compared to $27.6 million in Q1 2025 ● GAAP net income of $922,000, compared to a net income of $1.9 million in Q1 2025 ● Adjusted EBITD”
Debt Financings
CareCloud, Inc. incurred credit facility of $40.0 million term loan facility and a $10.0 million revolving credit facility with Citizens Bank, N.A. and Provident Bank at rates based on Term SOFR, Daily Simple SOFR or the alternate base rate, in each maturing the fourth anniversary of the closing date.
“On April 13, 2026, CareCloud, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A., as administrative agent, issuing bank and a lender (“Citizens”), Provident Bank, as a lender (“Provident”), and the other parties thereto, which provides for a $40.0 million term loan facility and a $10.0 million revolving credit facility (collectively, the “Credit Facility”).”
Material Agreements
CareCloud, Inc. entered into Credit Agreement with Citizens Bank, N.A., as administrative agent, issuing bank and a lender, Provident Bank, as a lender, and the other parties thereto valued at $40.0 million term loan facility and a $10.0 million revolving credit facility (effective 2026-04-13).
“On April 13, 2026, CareCloud, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A., as administrative agent, issuing bank and a lender (“Citizens”), Provident Bank, as a lender (“Provident”), and the other parties thereto, which provides for a $40.0 million term loan facility and a $10.0 million revolving credit facility (collectively, the “Credit Facility”).”
Governance Changes
CareCloud, Inc.: Amendment to the bylaws revising the quorum requirement for meetings of stockholders (effective 2026-04-02).
“The amendment revised the quorum requirement for meetings of stockholders.”
Debt Financings
CareCloud, Inc. incurred debt of $8,250,000 with Wells Fargo Bank, N.A. at 12% per year maturing February 20, 2026.
“$8,250,000 payable by Holdings to Seller’s secured bank lender Wells Fargo Bank, N.A. (“Wells Fargo”) pursuant to a Deferred Payment Agreement, bearing interest at a rate of 12% per year with a maturity date of February 20, 2026”
M&A Transactions
CareCloud, Inc. completed an acquisition involving Medsphere Systems Corporation for $16,500,000 (closed 2025-08-22).
“is in the business of providing healthcare IT software and related services to the U.S. inpatient and ambulatory market. The aggregate purchase price for the acquisition was $16,500,000, plus the assumption of certain liabilities. The Company believes that the expected annual long-term revenue approximates the purchase price, consistent with prior acquisitions.”
Auditor Changes
CareCloud, Inc. engaged Tanner LLC as its auditor.
“On August 14, 2025, the Audit Committee approved the appointment of Tanner LLC (“Tanner”) as the Company’s new independent registered public accounting firm commencing for its quarter ending September 30, 2025 and its fiscal year ending December 31, 2025.”
Auditor Changes
Rosenberg Rich Baker Berman, P.A. resigned as auditor of CareCloud, Inc..
“On August 14, 2025, CareCloud, Inc. (the “Company”) was notified by Rosenberg Rich Baker Berman, P.A. (“RRBB”) of its resignation as the Company’s independent registered public accounting firm as they lacked the staffing capacities to perform the attestation required by SOX Section 404(b) due to the Company’s public float exceeding $75 million as of June 30, 2025.”
Earnings Releases
CareCloud, Inc. reported the three months ended March 31, 2024 results: revenue $26.0 million, net income ($241,000) or $(0.02) per share. Guidance reaffirmed.
“and health systems nationwide, today announced financial and operational results for the three months ended March 31, 2024. First Quarter 2024 Financial Highlights ● Revenue of $26.0 million, as compared to $30.0 million in Q1 2023 ● GAAP operating income of $129,000, as compared to operating loss of ($223,000) in Q1 2023 ● GAAP net loss of ($241,000) or $(0.02)”
A. Hadi Chaudhry changed role as Chief Executive Officer at CareCloud, Inc..
“As of such date, A. Hadi Chaudhry is no longer President of the Registrant, but remains the Registrant’s Chief Executive Officer.”
Stephen Snyder was appointed as President at CareCloud, Inc..
“Effective May 1, 2024, Stephen Snyder has been appointed President of CareCloud, Inc.”
Auditor Changes
CareCloud, Inc. engaged Rosenberg Rich Baker Berman, P.A. as its auditor.
“On March 25, 2024, the Audit Committee approved the appointment of Rosenberg Rich Baker Berman, P.A. (“RRBB”) as the Company’s new independent registered public accounting firm commencing for its quarter ending March 31, 2024 and its fiscal year ending December 31, 2024, effective on March 25, 2024.”
Auditor Changes
CareCloud, Inc. dismissed Grant Thornton LLP as its auditor.
“On March 25, 2024, CareCloud, Inc. (the “Company”), with the approval of the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company, notified Grant Thornton LLP (“Grant Thornton”) that Grant Thornton was being dismissed as the Company’s independent registered public accounting firm, effective on March 25, 2024.”
Earnings Releases
CareCloud, Inc. reported the fourth quarter 2023 results: revenue $28.4 million, net income GAAP net loss of $43.7 million, EPS GAAP net loss per share for the fourth quarter 2023 was $3.00.
“share, compared to $16.3 million or $1.07 per share in 2022 ● Adjusted EBITDA of $15.4 million, compared to $22.2 million in 2022 Fourth Quarter 2023 Highlights ● Revenue of $28.4 million, as compared to $32.5 million in Q4 2022 ● GAAP net loss of $43.7 million, compared to net income of $499,000 in Q4 2022 ● Adjusted net income of $835,000, or $0.05 per share ●”
Earnings Releases
CareCloud, Inc. reported the year ended December 31, 2023 results: revenue $117.1 million, net income GAAP net loss of $48.7 million. Guidance initiated.
“regularly review profitability and cash flow and consider when the Company is able to lift the suspension and resume paying dividends. Full Year 2023 Highlights ● Revenue of $117.1 million, as compared to $138.8 million in 2022 ● GAAP net loss of $48.7 million, compared to net income of $5.4 million in 2022 ● Adjusted net income of $4.8 million or $0.30 per”
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